The Monetary Policy Committee (MPC) from the BEAC (Bank of Central African States) has examined, in an extraordinary session, the economic and financial panorama in the sub-region, and the situation regarding liquidity of the banking system in the Economic and Monetary Community of Central Africa (CEMAC).
The special session of the MPC, which brings together Equatorial Guinea, Gabon, Cameroon, Congo, Chad and Central African Republic, was held in the Meeting Room of the headquarters of the bank in Yaunde (Cameroon), under the presidency of Abbas Mahamat Tolli, Governor of the BEAC, in his capacity as statutory president.
The committee adopted monetary policy measures to strengthen the external sustainability of the currency. Furthermore, they examined the liquidity situation of the banking system within CEMAC and the reform of the monetary policy project, and measures to accompany the banking system.
Source: Official Web Page of the Government of the Republic of Equatorial Guinea